BAC.MX - Bank of America Corporation

Mexico - Mexico Delayed Price. Currency in MXN
566.50
-4.75 (-0.83%)
At close: 2:40PM CDT
Stock chart is not supported by your current browser
Previous Close571.25
Open566.70
Bid0.00 x 1500000
Ask0.00 x 1500000
Day's Range566.02 - 571.50
52 Week Range400.00 - 620.00
Volume6,386
Avg. Volume23,356
Market Cap5.735T
Beta-0.46
PE Ratio (TTM)328.79
EPS (TTM)1.72
Earnings DateN/A
Forward Dividend & Yield9.46 (1.77%)
Ex-Dividend Date2017-11-30
1y Target EstN/A
  • Growth plans: Both big and small banks set to expand locally
    American City Business Journals15 hours ago

    Growth plans: Both big and small banks set to expand locally

    Central Florida's banks are ready to grow, despite increased competition and the need for high-tech advancements.

  • Business Wire17 hours ago

    Small Business Optimism Soars to Highest Levels Since 2015

    U.S. entrepreneurs feel increasingly optimistic about the future, as their confidence in the economy, revenue and long-term growth has reached the highest level since 2015, according to the spring 2018 Bank of America Business Advantage Small Business Owner Report.

  • Moody's18 hours ago

    Moody's: Slowdown in noninterest-bearing deposit growth is credit negative for US banks

    During 2017, many large US banks reported a material slowdown in the growth of noninterest-bearing deposits, a credit negative, Moody's Investors Service says in a new report. This trend is likely to continue in 2018 as short-term interest rates rise further, which opens the possibility for an outright contraction in banks' noninterest-bearing deposits, though this could be mitigated by growth in low-cost interest-bearing alternatives, such as interest checking. "The deposits held in noninterest-bearing accounts are at the heart of a typical banking relationship, forming a cornerstone or 'crown jewel' in banks' franchises," Moody's Senior Vice President Allen Tischler says.

  • Citigroup, Bank of America Criticized by Senator on Firearms Ban
    Bloombergyesterday

    Citigroup, Bank of America Criticized by Senator on Firearms Ban

    A key Republican lawmaker called out Citigroup Inc. and Bank of America Corp. for their decision to restrict business with the firearms industry. Senate Banking Committee Chairman Mike Crapo, whose committee writes banking laws and oversees Wall Street’s regulators, wrote to the chief executive officers of both banks last week. “We should all be concerned if banks like yours seek to replace legislators and policy makers and attempt to manage social policy by limiting access to credit,” Crapo, from Idaho, wrote in a letter to Citigroup CEO Mike Corbat.

  • From strong financials to gun control, here's what was discussed at Bank of America's shareholder meeting
    American City Business Journalsyesterday

    From strong financials to gun control, here's what was discussed at Bank of America's shareholder meeting

    The nation's second-largest bank hosted its shareholders at the Hilton Charlotte Center City, and an overarching theme of positivity due to BofA's most recent track record of success was palpable throughout the room.

  • Bloombergyesterday

    Bank Buyback Binge Offers Hope to Beaten-Down Tech Darlings

    It’s long been suggested that the stock market is vulnerable during earnings season because its biggest allies, companies themselves, are sidelined. Repurchases by Bank of America Corp.’s corporate clients rose to a four-year high last week, the firm’s equity strategists led by Jill Carey Hall and Savita Subramanian wrote in a note Tuesday. Financial firm buybacks were particularly strong, hitting levels not seen since BofA began tracking the data in 2009.

  • BofA Says 151 Employees Were Affected by Mass Shootings in U.S.
    Bloomberg2 days ago

    BofA Says 151 Employees Were Affected by Mass Shootings in U.S.

    Bank of America Corp.’s new policy denying loans and other services to certain gun makers came after dozens of employees lost family members or suffered other trauma related to mass shootings in the past few years. “This comes from our teammates saying we have to help,” Chief Executive Officer Brian Moynihan said Wednesday at the company’s annual meeting in Charlotte, North Carolina. “The company is willfully giving up money,” Justin Danhof, general counsel of the National Center for Public Policy Research, said to Moynihan.

  • BofA's Big Plans for China Don't Include a Securities Venture
    Bloomberg2 days ago

    BofA's Big Plans for China Don't Include a Securities Venture

    Amid all the excitement about China’s plan to open up its securities market, one U.S. banking giant is playing it cool. Deterred by what it sees as uncertain profit opportunities, Bank of America Corp. has no near-term plans to follow the seven foreign firms -- from Goldman Sachs Group Inc. to Credit Suisse Group AG and Citigroup Inc. -- that have set up securities joint ventures on the mainland, a person with knowledge of the bank’s strategy said. China plans to allow foreign firms to take majority stakes in securities JVs this year.

  • Investopedia4 days ago

    With Mortgage Lending Slowing, Big Banks Turn to Apps

    The mortgage lending market is starting to slow, particularly for large, national banks. As a result, a handful of them, including Bank of America Corporation ( BAC), Wells Fargo & Company ( WFC) and JPMorgan Chase & Co. ( JPM), are pouring tons of money into mortgage apps and websites, betting that this is the way to drive younger home buyers their way. The moves, highlighted in a Reuters report, are also aimed at eliminating errors in paperwork and making it easier and quicker for customers to get approved for a home loan.

  • Tech stocks didn't get the memo on market-friendly conditions
    Yahoo Finance4 days ago

    Tech stocks didn't get the memo on market-friendly conditions

    On the heels of a market friendly tax cut, record corporate earnings and a chorus of talking heads including yours truly predicting another year of rising stock prices, only one thing is missing. Every bull market has its wall of worry and this year is no different. The usual market killing suspects are all doing their best to keep investors off balance.

  • JPMorgan's push into Greater Washington means headaches for banks of all sizes
    American City Business Journals4 days ago

    JPMorgan's push into Greater Washington means headaches for banks of all sizes

    While the bank will more than likely compete with bigger banking giants for business, local banks could feel a recruitment squeeze, experts say.

  • Forbes4 days ago

    Bank Of America And Harvard Kennedy School Announce The Council On The Responsible Use Of AI

    Artificial intelligence is among the hottest topics across industries, and the advances in its use are stunning. Earlier this month, Harvard Kennedy School’s Belfer Center for Science and International Affairs and Bank of America announced the formation of The Council on the Responsible Use of Artificial Intelligence (AI), a new effort to address critical questions surrounding this far-reaching and rapidly evolving application for data and technology. In a press release, Dan Schrag, Co-Director of the Belfer Center’s Science, Technology, and Public Policy Program noted, “Artificial intelligence and machine learning have potential to improve our lives in all sorts of exciting ways, but there are also risks.

  • Has BOA SA. (WSE:BOA) Improved Earnings In Recent Times?
    Simply Wall St.4 days ago

    Has BOA SA. (WSE:BOA) Improved Earnings In Recent Times?

    When BOA SA. (WSE:BOA) announced its most recent earnings (31 December 2017), I did two things: looked at its past earnings track record, then look at what is happening inRead More...

  • Shanghai gets automated bank with VR, robots, face scanning
    Associated Press4 days ago

    Shanghai gets automated bank with VR, robots, face scanning

    SHANGHAI (AP) — Missed paying dues on your Communist Party membership? There's a bank for that - and it's fully automated.

  • Reuters5 days ago

    U.S. banks push mortgage apps as home lending slows

    Bank of America Corp (BAC.N) has spent $1 billion on its digital banking services in the last six years and launched its lineup of techy mortgage products last week. Bank of America's app automatically fills in a customer's address, employment history and other information that the bank already has, cutting out hundreds of boxes customers would otherwise have to fill. Quicken Loans was the first to gain traction with digital home loans following its 2016 Rocket Mortgage launch.

  • Is Morgan Stanley Fairly Valued?
    Market Realist6 days ago

    Is Morgan Stanley Fairly Valued?

    Morgan Stanley (MS) stock has fallen 4.6% over the past three months and risen 28.7% over the past year. In comparison, the overall sector (XLF) has fallen 6.4% and risen 19.1%, respectively. The bank’s asset management offerings, interest income, and consistent trading revenue have continued to support its strong performance.

  • How Wall Street Views Morgan Stanley after Its Strong Results
    Market Realist6 days ago

    How Wall Street Views Morgan Stanley after Its Strong Results

    Wall Street analysts were upbeat about investment bankers (XLF) in 1Q18 due to an expected spike in trading. Major banks managed to beat estimates and the overall forecast for 2Q18 is lower.

  • Big banks saved $3.6B in taxes last quarter under new law
    Associated Press6 days ago

    Big banks saved $3.6B in taxes last quarter under new law

    The nation's six big Wall Street banks posted record, or near record, profits in the first quarter, and they can thank one person in particular: President Donald Trump. While higher interest rates allowed ...

  • U.S. banks push mortgage apps as home lending slows
    Reuters6 days ago

    U.S. banks push mortgage apps as home lending slows

    Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows. Bank of America Corp (BAC.N) has spent $1 billion on its digital banking services in the last six years and launched its lineup of techy mortgage products last week. Wells Fargo & Co (WFC.N) rolled out its website and app service during the first quarter, and JPMorgan Chase & Co (JPM.N), which is investing $1.4 billion in technology in 2018, plans to launch its offering later this year.

  • Morgan Stanley’s Trading Revenue Rises
    Market Realist6 days ago

    Morgan Stanley’s Trading Revenue Rises

    Morgan Stanley (MS) benefited from higher volatility and posted strong operating numbers. The bank’s Institutional Securities segment posted net income of $2.1 billion, compared with $1.7 billion in 1Q17. The segment’s top line rose to $6.1 billion from $5.2 billion in 1Q17, largely due to sales and trading amid higher market volatility.

  • Investopedia6 days ago

    Big Banks Saved $3.6B in Q1 Under Trump Tax Cuts

    The Republican tax overhaul, passed in December, has saved some of America's largest corporations billions in taxes. Financial institutions, among the first companies that typically ring in the corporate earnings season in the U.S., have historically paid some of the highest taxes due to their domestically centered business models. America's leading banks such as JPMorgan Chase & Co. ( JPM), Goldman Sachs Group Inc. ( GS) and Morgan Stanley ( MS) saw their tax rates fall below 17% and 23% for the January through March quarter.

  • Morgan Stanley Posts Strong Numbers on Trading, Wealth
    Market Realist7 days ago

    Morgan Stanley Posts Strong Numbers on Trading, Wealth

    Morgan Stanley (MS) posted EPS (earnings per share) of $1.45 in 1Q18, higher than analysts’ estimate of $1.25 and its EPS of $1 in 1Q17. The investment bank benefited from market volatility and higher trading revenue across product offerings. It posted net revenue of $11.1 billion and net income of $2.6 billion, representing growth of 14% and 40%, respectively, helped by lower tax, higher trading, and improved efficiency.

  • Bank Stock Roundup: JPM, BofA, WFC & C Impress in Q1 Earnings
    Zacks7 days ago

    Bank Stock Roundup: JPM, BofA, WFC & C Impress in Q1 Earnings

    Investor sentiment remained upbeat on banks' Q1 earnings, with the major players displaying top-line strength on the back of higher rates and improved trading.

  • Why JPMorgan Chase Is Commanding Premium Valuations
    Market Realist7 days ago

    Why JPMorgan Chase Is Commanding Premium Valuations

    JPMorgan Chase (JPM) stock has generated a return of 13.1% in the last six months and 29.0% in the last year. In comparison, the financial sector (XLF) has grown 5.1% in the last six months and 18.6% in the last year, respectively.

  • How Analysts Are Rating JPMorgan Chase after Its 1Q18 Results
    Market Realist7 days ago

    How Analysts Are Rating JPMorgan Chase after Its 1Q18 Results

    Wall Street analysts are maintaining their bullish outlook on US banks (XLF) amid trade wars, lower taxes, and a push for domestic manufacturing. Among major bankers, JPMorgan Chase (JPM) has garnered 13 “buys” or “strong buys” out of 28 analysts in April 2018. Thirteen analysts have recommended “holds” on JPMorgan, whereas one has given it an “underperform” rating, and one has given it a “sell.” JPMorgan Chase commands a one-year mean price target of $121.78 compared to its current price of $110.30, reflecting average growth.